US CPI Expected To Spike, Will It Impact Fed's Rate Cut Decision?

The US Consumer Price Index (CPI) inflation for July, which is scheduled to be released by the Labor Department on Wednesday, August 14, is expected to spike. This has fueled discussions about whether it will hinder the US Federal Reserve’s rate cut plans at their upcoming meeting. According to market estimates, inflation is expected to rise 0.2%, following a drop of -0.1% in the prior month.